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Maksons to set up home textiles unit

27
Feb '10
Maksons Spinning Mills, which is a listed company, plans to establish a complete export-oriented composite home textile unit, which is likely to improve company's turnover by around Tk 3 billion per year.

The company will generate funds for this venture by issuing rights shares, it announced. A part of this fund will be consumed for re-paying high-interest loan which will help to improve profitability of the company.

The projected home-textile unit of the company will encompass various essential segments such as weaving, dyeing, printing, finishing and garments sections.

The company which listed on the stock-market in 2008 expects the proposed unit to drive total turnover to Tk 4 billion a year.

Fibre2fashion News Desk - India


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